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Nonprofit · EIN 93-1260713

CAROL & VELMA SALING FOUNDATION

Tax-exempt · PORTLAND, OR 97239

Financials

$175K$585K2023$1.2M$569K2024$947K$635K2025
Revenue Expenses · by fiscal year end
Financials of CAROL & VELMA SALING FOUNDATION by year, from its e-filed returns
Year endedFormRevenueExpensesNet incomeTotal assetsLiabilitiesNet assets
December 31, 2025990-PF$946,941$634,588$312,353$12,122,465$0$12,122,465
December 31, 2024990-PF$1,157,520$568,504$589,016$11,813,511$0$11,813,511
December 31, 2023990-PF$175,374$584,801-$409,427$11,231,336$0$11,231,336
Financial details: 990-PF for the year ended December 31, 2025

Revenue

Dividends
$247,599
Interest
$148
Net gain from sales of assets
$699,194

Expenses

Grants and similar amounts paid
$602,700
Compensation of officers, directors and key employees
$0
Disbursements for charitable purposes
$608,998
Excise tax on investment income
$13,060

Balance sheet and other

Total assets, start of year
$11,813,511
Total assets, end of year
$12,122,465
Total liabilities, end of year
$0
Net assets, end of year
$12,122,465
Fair market value of assets
$13,375,039
Qualifying distributions
$608,998
Net investment income
$946,941

From the e-filed returns the IRS publishes as XML (latest three processing years; amended returns replace the original). PDF copies at the IRS.

Officers, directors and key employees

As listed on the 990-PF for the year ended December 31, 2025, highest compensation first.

NameTitleHours / weekCompensation
TIM NAY
6500 SW MACADAM SUITE 300, PORTLAND, OR 97239
CHAIRMAN1$5,000
ADAIRE R MILLER
702 MIDDLECREST RD, LAKE OSWEGO, OR 97034
SECRETARY0.5$0
RICHARD BAROWAY
121 SW MORRISON SUITE 1850, PORTLAND, OR 97204
TREASURER1$0
JACQUELYN APPLETON
6500 SW MACADAM SUITE 300, PORTLAND, OR 97239
DIRECTOR2$0
990-PF for the year ended December 31, 2024: 4 people
NameTitleHours / weekCompensation
TIM NAY
6500 SW MACADAM SUITE 300, PORTLAND, OR 97239
CHAIRMAN1$0
ADAIRE R MILLER
702 MIDDLECREST RD, LAKE OSWEGO, OR 97034
SECRETARY0.5$0
RICHARD BAROWAY
121 SW MORRISON SUITE 1850, PORTLAND, OR 97204
TREASURER1$0
JACQUELYN APPLETON
6500 SW MACADAM SUITE 300, PORTLAND, OR 97239
DIRECTOR2$0
990-PF for the year ended December 31, 2023: 4 people
NameTitleHours / weekCompensation
TIM NAY
6500 SW MACADAM SUITE 300, PORTLAND, OR 97239
CHAIRMAN1$0
ADAIRE R MILLER
702 MIDDLECREST RD, LAKE OSWEGO, OR 97034
SECRETARY0.5$0
RICHARD BAROWAY
121 SW MORRISON SUITE 1850, PORTLAND, OR 97204
TREASURER1$0
JACQUELYN APPLETON
6500 SW MACADAM SUITE 300, PORTLAND, OR 97239
DIRECTOR2$0

Address and contacts

Address (IRS master file)
6500 S MACADAM AVE STE 300, PORTLAND, OR 97239-3569
In care of
% TIM NAY
Signed the 990-PF
TIM NAY, CHAIRMAN
Phone
(503) 245-1562
Return prepared by
MCDONALD JACOBS PC

What it must file and when

IRS records say it files Form 990-PF. Private foundations file every year. Its accounting year ends in December, so each return is due on the 15th day of the 5th month after that.

Tax yearYear endedDueIRS public records
2025December 31, 2025May 15, 2026990-PF on file
2024December 31, 2024May 15, 2025990-PF on file
2023December 31, 2023May 15, 2024990-PF on file

IRS record

EIN
93-1260713
Tax-exempt status
501(c)(3): Charitable, religious, educational or scientific organization
Foundation status
Private non-operating foundation
Donations deductible (Pub 78)
Private foundation, 30% limit
Exempt since
1999
Accounting year ends
December
Files
Form 990-PF
Assets (IRS master file)
$12,122,465
Income (IRS master file)
$4,641,353

Filing history

FormYear endedRevenueExpensesAssetsReturn
990-PFDecember 2025$946,941$634,588$12,122,465XML
990-PFDecember 2024$1,157,520$568,504$11,813,511XML
990-PFDecember 2023$175,374$584,801$11,231,336XML
990-PFDecember 2022–––IRS
990-PFDecember 2021–––IRS
990-PFDecember 2020–––IRS
990-PFDecember 2018–––IRS

990-N: the IRS bulk file holds only the latest e-Postcard per organization; earlier years come from archived copies of that file since 2020 and can have gaps (the IRS e-Postcard search lists every one). 990, 990-EZ, 990-PF, 990-T: every e-filed return in the IRS e-file index since 2019; XML for the latest three processing years, amounts from the IRS Statistics of Income extracts before that. PDF copies and determination letters at the IRS (search EIN 93-1260713).

Questions about CAROL & VELMA SALING FOUNDATION

What is the EIN of CAROL & VELMA SALING FOUNDATION?
The employer identification number (EIN) of CAROL & VELMA SALING FOUNDATION is 93-1260713.
Is CAROL & VELMA SALING FOUNDATION tax-exempt?
Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 1999.
Are donations to CAROL & VELMA SALING FOUNDATION tax-deductible?
Yes. It is listed in IRS Publication 78 (Private foundation, 30% limit).
Which annual return does CAROL & VELMA SALING FOUNDATION file?
Form 990-PF. Private foundations file every year.
When is the next return of CAROL & VELMA SALING FOUNDATION due?
The return for tax year 2026 (the year ending December 31, 2026) is due May 17, 2027. Form 8868 extends it by six months; the 990-N cannot be extended.
When did CAROL & VELMA SALING FOUNDATION last file with the IRS?
The latest return in the IRS public files is the 990-PF for the year ended December 2025.
Who are the officers and directors of CAROL & VELMA SALING FOUNDATION?
The 990-PF for the year ended December 31, 2025 lists 4 people; 1 received compensation from the organization, the highest $5,000 (TIM NAY, CHAIRMAN).
How much revenue does CAROL & VELMA SALING FOUNDATION have?
On its 990-PF for the year ended December 31, 2025 it reported revenue of $946,941, expenses of $634,588 and total assets of $12,122,465 at year end.

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